{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-066928","form_type":"8-K","ticker":"CTRN","cik":"0001318484","company_name":"Citi Trends Inc","filed_at":"2024-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.818965+00:00","generated_at":"2026-06-01T07:06:01.374063+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Citi Trends CEO Makuen steps down; preliminary Q1 EBITDA loss $0.8M, comps up 3.1%","bullets":["David Makuen stepped down as CEO and Board member effective June 1, 2024; serves as Senior Advisor through Aug 3, 2024.","Ken Seipel appointed Interim CEO effective June 2, 2024; base salary $725K, starting bonus $70K, $400K stock award.","Preliminary Q1 total sales $186.3M, same-store sales +3.1%, EBITDA loss $0.8M.","Board initiates search for permanent CEO; Seipel will be considered alongside external candidates.","Separation agreement with Makuen provides severance per existing agreement; no disagreement cited."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-066928","json":"https://secwatch.observer/filing/0001104659-24-066928.json","markdown":"https://secwatch.observer/filing/0001104659-24-066928.md","text":"https://secwatch.observer/filing/0001104659-24-066928.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1318484/000110465924066928/0001104659-24-066928-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1318484/000110465924066928/tm2415984d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:06:01.374063+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"647f61461c","claim":"David N. Makuen resigned as Chief Executive Officer at Citi Trends Inc.","evidence_excerpt":"On May 29, 2024, the Board determined that David N. Makuen would transition from the role of Chief Executive Officer, effective June 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318484/000110465924066928/0001104659-24-066928-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"f8f2bc4430","claim":"Kenneth D. Seipel was appointed as Interim Chief Executive Officer at Citi Trends Inc.","evidence_excerpt":"appointed Kenneth D. Seipel, a current member of the Board, to the position of Interim Chief Executive Officer, effective as of June 2, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318484/000110465924066928/0001104659-24-066928-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}